First Community Corporation FCCO Adoption Of New Accounting Standard CECL
Adoption Of New Accounting Standard CECL at other companies
Other financials
Where this comes from
Reported directly by First Community Corporation in its filing.
Tagged under the XBRL concept fcco:AdoptionOfNewAccountingStandardCECL.
The official record: First Community Corporation’s 10-K, filed March 16, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is First Community Corporation's adoption of new accounting standard CECL?
- First Community Corporation (FCCO) reported adoption of new accounting standard CECL of -$84.25K in Q4 2023.
- What does adoption of new accounting standard CECL mean?
- Represents the financial impact or transition adjustment resulting from the adoption of the Current Expected Credit Losses (CECL) accounting standard. This metric quantifies the change in the allowance for credit losses required to reflect lifetime expected losses rather than incurred losses. It is critical for assessing the initial impact on retained earnings and the bank's overall capital adequacy ratios upon implementation.